Direxion, a financial services firm with $27.5 billion in assets specialized in creating investment products for investors looking beyond conventional offerings, has filed for a Bitcoin and Ether futures exchange-traded fund (ETF).
The United States Department of Justice (DOJ) is reportedly considering taking legal action against leading cryptocurrency exchange Binance, but is said to be hesitating out of fear of unintended financial fallout for consumers.
Commission-free investment platform Robinhood has revealed an 18% decline in transaction-based revenue from cryptocurrencies in the second quarter of the year, with the downturn coming amid a decrease in the number of customers engaging in trades.
Top stories in the Crypto Roundup today:
- TradFi Giant Direxion Files for Bitcoin and Ether Futures ETF
- DOJ Mulls Over Legal Action Against Binance, Fears Potential Bank Run
- Robinhood’s Crypto Revenue Falls 18% in Q2 Despite Overall Growth